Advance Auto Parts Inc. (NYSE:AAP)‘s stock had its “hold” rating reissued by analysts at Jefferies Group in a report released on Wednesday. They currently have a $150.00 price target on the stock. Jefferies Group’s target price would suggest a potential upside of 4.90% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. BTIG Research restated a “sell” rating and issued a $120.00 price target on shares of Advance Auto Parts in a research report on Wednesday, October 5th. Wedbush restated an “outperform” rating and issued a $175.00 price target on shares of Advance Auto Parts in a research report on Wednesday, October 5th. RBC Capital Markets restated an “outperform” rating and issued a $174.00 price target (down from $180.00) on shares of Advance Auto Parts in a research report on Thursday, September 8th. Royal Bank Of Canada decreased their price target on shares of Advance Auto Parts from $180.00 to $174.00 and set an “outperform” rating for the company in a research report on Thursday, September 8th. Finally, Argus restated a “buy” rating and issued a $185.00 price target on shares of Advance Auto Parts in a research report on Wednesday, August 31st. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $169.64.

Analyst Recommendations for Advance Auto Parts (NYSE:AAP)

Shares of Advance Auto Parts (NYSE:AAP) opened at 142.99 on Wednesday. Advance Auto Parts has a 52-week low of $131.59 and a 52-week high of $201.24. The company has a market capitalization of $10.52 billion, a PE ratio of 23.09 and a beta of 1.02. The company has a 50-day moving average of $150.41 and a 200 day moving average of $156.17.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Tuesday, August 16th. The company reported $1.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.12 by $0.22. Advance Auto Parts had a net margin of 4.80% and a return on equity of 21.90%. The business earned $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the company posted $2.27 earnings per share. The company’s revenue was down 4.8% compared to the same quarter last year. Analysts predict that Advance Auto Parts will post $7.43 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Friday, September 23rd were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend was Wednesday, September 21st. Advance Auto Parts’s payout ratio is 3.88%.

In other news, Director Reuben E. Slone purchased 632 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The stock was purchased at an average cost of $157.99 per share, for a total transaction of $99,849.68. Following the completion of the transaction, the director now owns 1,619 shares of the company’s stock, valued at $255,785.81. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles E. Tyson purchased 633 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The shares were purchased at an average price of $157.75 per share, with a total value of $99,855.75. Following the completion of the transaction, the executive vice president now directly owns 18,397 shares of the company’s stock, valued at approximately $2,902,126.75. The disclosure for this purchase can be found here. Corporate insiders own 4.50% of the company’s stock.

Several hedge funds have recently modified their holdings of AAP. Creative Planning boosted its stake in shares of Advance Auto Parts by 0.7% in the second quarter. Creative Planning now owns 1,178 shares of the company’s stock valued at $190,000 after buying an additional 8 shares during the last quarter. Cleararc Capital Inc. boosted its stake in shares of Advance Auto Parts by 0.9% in the second quarter. Cleararc Capital Inc. now owns 1,795 shares of the company’s stock valued at $290,000 after buying an additional 16 shares during the last quarter. Johnson Investment Counsel Inc. boosted its stake in shares of Advance Auto Parts by 0.6% in the second quarter. Johnson Investment Counsel Inc. now owns 3,478 shares of the company’s stock valued at $562,000 after buying an additional 20 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Advance Auto Parts by 4.0% in the second quarter. Checchi Capital Advisers LLC now owns 751 shares of the company’s stock valued at $121,000 after buying an additional 29 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Advance Auto Parts by 2.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 1,852 shares of the company’s stock valued at $269,000 after buying an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 98.49% of the company’s stock.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (commercial) and do-it-yourself (DIY), customers, as well as independently owned operators. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.

5 Day Chart for NYSE:AAP

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